John McAfee Arrested In Spain And Charged With Tax Evasion And Promoting Initial Coin Offerings

A little over a year after former tech guru (and one-time presidential candidate) John McAfee was arrested in the Dominican Republican (aboard a yacht carrying high-caliber weapons, ammunition and military-style gear), and two months after a “fake arrest” for wearing a thong mask

… on Monday the eccentric millionaire was arrested – this time for real – in Spain, where he is awaiting extradition to the US after he was charged with tax evasion by federal prosecutors who allege McAfee hid cryptocurrency, a yacht, and real estate as part of a conspiracy to evade taxes, which he forgot to pay from 2014 to 2018.

At the same time the SEC also charged the former programmer for promoting investments in initial coin offerings (ICOs) to his Twitter followers without disclosing that he was paid to do so. McAfee’s bodyguard, Jimmy Watson, Jr., was also charged for his role in the alleged scheme.

McAfee’s last tweet is from September 12, in which he explained why he is not voting for anyone: “Why would I choose one person over another to control me? Slave masters are the same. We are numbers rather than people, irrespective of the master.”

Some more details as disclosed by the DOJ late on Monday:

An indictment was unsealed today charging John David McAfee with tax evasion and willful failure to file tax returns, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney D. Michael Dunavant for the Western District of Tennessee.

The June 15, 2020 indictment was unsealed following McAfee’s arrest in Spain where he is pending extradition.

Continue Reading at ZeroHedge…

YouTube ‘Mistakenly’ Banned Hundreds of Bitcoin Videos

Google-owned video giant YouTube recently removed hundreds of cryptocurrency-related videos, apologizing shortly afterward and promised to reinstate banned videos and channels. So far, many are still offline.

Decrypt.co reports that Google-owned video hosting website YouTube removed a large number of Bitcoin and cryptocurrency-related videos from its site earlier this week in what the site has now claimed was an “error.” YouTube has since stated that it would be restoring the suspended videos, but so far many are still offline.

A YouTube spokesperson commented on the deletion stating: “With the massive volume of videos on our site, sometimes we make the wrong call. When it’s brought to our attention that a video has been removed mistakenly, we act quickly to reinstate it.” The spokesperson stated that YouTube’s policies towards cryptocurrency content had not changed and that all affected videos were “reinstated” without “any penalty to the channel.”

Hundreds of channels were affected by the sudden removals which have been referred to as the “Crypto YouTube Purge of 2019” by some:

A video of Ethereum co-founder Vitalik Buterin was removed from the site for being “harmful or dangerous content,” which Buterin commented on, stating: “just…wierd,” adding that it “looks like we need alternatives to YouTube.” YouTube claims that all videos have been reinstated but many still remain offline.

YouTubers DataDash, Ivan on Tech, Sunny Decree and Boxmining all claim that many of their videos have not been reinstated. Although the YouTube spokesperson stated that all affected videos would be reinstated, they also stated that affected users can appeal the removals and YouTube will review the content.

Alex Saunders, who runs NuggetsNewsAU, messaged YouTube on Twitter today saying, “With over 100 videos removed & 2 strikes in 24 hours I have still not even received an email from you. This is really scary. We’ve hired new staff. I have a wife & baby to support. I can’t fix the problem if I don’t know what I’ve done or who to communicate with!?” So far many videos continue to remain offline. 

Saunders expanded on YouTube’s treatment of his business in a second tweet:

Source: Breitbart

HSBC Closes Account Used to Support Hong Kong Protesters

For months on end, Hong Kong has been the scene of intensive confrontation between pro-democracy activists and its Beijing-supported government. It now seems the financial establishment has taken a side in this conflict. Banking giant HSBC has decided to close an account used to support the protest movement in the special administrative region of China.

Account Collecting Donations for Demonstrators Suspended

The corporate account was closed earlier this week after HSBC found that the actual activities it was being used for did not match the business purposes stated by the client, The Prime Management Service Ltd. According to local press, the suspension comes after the bank asked the account holder last month to withdraw the balance within 30 days.

The account has been collecting donations for a non-profit organization called Spark Alliance HK. It spent the money to cover legal and medical expenses and provide other aid to anti-government protesters, the South China Morning Post reported. Quoting a banking source, the Alibaba Group-owned newspaper detailed that fundraising was not declared as part of the bank account’s intended use.

“This client only stated that the account was for a commercial purpose. But in reality it is being used as a platform for raising funds. This doesn’t match the account’s stated purpose,” the anonymous source explained. Large amounts of money have been passing through it on a daily basis and the bank may have had money-laundering concerns, the source said.

Declining to comment on the specific case, an HSBC spokesperson nevertheless noted that the bank regularly reviews its customers’ accounts and added that “If we spot activity differing from the stated purpose of the account, or missing information, we will proactively review all activity, which can also result in account closure.”

The Hong Kong Monetary Authority, the region’s de facto central bank, gave its take on the closure too. Complying with international standards, the institution stressed, commercial banks are required to assess risk and take appropriate action regarding account activity. That, according to the HKMA, should ensure the consistency of their stated purpose and source of funding.

Protests Leader Calls on Banking Giant to Reopen Account

Joshua Wong, leader of the pro-democracy demonstrations in Hong Kong, called on HSBC to reopen the bank account. He took to social media to criticize the financial institution based in Hong Kong’s former colonial power, Britain, for closing the account that was used to support the protest movement against the region’s government backed by the communist regime of the People’s Republic. On Wednesday Wong tweeted:

In another comment, Joshua Wong noted that “It is only until recently that HSBC decided to investigate & close the account, especially following Xi’s threats of ‘crushing bodies and shattering bones’ of protesters in the city last month.” The activist, who has so far been arrested twice for his role in the demonstrations, expressed hope that the bank could reconsider its decision “as it is now effectively putting freedom fighters at risk.”

HSBC’s action comes after the General Secretary of the Communist Party and President of China, Xi Jinping, warned in October that efforts to divide his country “will end in crushed bodies and shattered bones.” His statement sparked new fears of an imminent crackdown on the protests by Hong Kong authorities with support from the government in Beijing.

he Hong Kong protests were triggered earlier this year by the introduction of a draft law that would allow the local government to detain and extradite people wanted in territories with which Hong Kong does not have extradition agreements. It became clear that these jurisdictions would include Taiwan and also mainland China.

The Fugitive Offenders amendment bill has since been withdrawn but the demonstrations have continued, escalating into violent clashes with the Hong Kong police. The offices of banks, businesses and other institutions with perceived links to the People’s Republic have been attacked. Measures taken against the citizens’ protest movement, including the recent bank account closure, have highlighted the importance of decentralized cryptocurrencies.

This article was sourced from Bitcoin.com

Bitcoin Milestone: Bitcoin’s Value Exceeds That of Gold

March 3, 2017, saw Bitcoin reach a milestone that tech website Engadget has deemed “a weird but auspicious moment in human history.” That’s because, on that day, the worth of one unit of the cryptocurrency – then $1,238.11 – exceeded that of the value of an ounce of gold, which was priced at $1,237.73 by […]

Silk Road, an Open Marketplace with few Restrictions where sometimes Illegal Drugs were Traded, Is Closed and the Value of Bitcoin Plummets

Since its creation in early 2011, Silk Road had been operating as a dark web marketplace for sometimes illegal drugs. And given the site’s wares, it’s understandable that the FBI had been tracking its operations very closely. Agent Chris Tarbell, in particular, had been searching for the identity of the mysterious “Dread Pirate Roberts,” and when […]